June July May 710 Units to produce 580 Ramos Company provides the following budgeted production for the next four months. April 680 680 Each finished unit requires 5 pounds of direct materials. The company wants to end each month with direct materials inventory equal to 20% of next month's production needs. Beginning direct materials inventory for April was 580 pounds, Direct materials cost $2 per pound. Prepare a direct materials budget for April, May, and June. RAMOS COMPANY Direct Materials Budget April 580 May June 680 units Units to produce 710 Materials needed for production (pounds) Total materials requirements (pounds) 0 Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.4 direct labor hour at a rate of $11 per hour. Variable overhead is budgeted at a rate of $4 per direct labor hour. Budgeted fixed overhead is $4,000 per month. The company's policy is to maintain direct materials inventory equal to 30% of the next month's direct materials requirement. At the end of February the company had 5,980 pounds of direct materials in inventory. The company's production budget reports the following: Production Budget March April Units to produce 4,100 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April (3) Prepare factory overhead budgets for March and April 5,500 May 4,900 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April GARDEN YETI Direct Materials Budget March April 0 0 Units to produce Materials required per unit (pounds) Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials around 0 0 0 0